Does Dogecoin still worth to invest?

[Bay_Harbour_Butcher]

I think Dogecoin still has the potential to continue to rise, because Dogecoin can continue to rise not only because of its effects, but Dogecoin is already well known by many people, people who were not previously interested in crypto will change their minds because they see what is happening with Dogecoin. , and yes Dogecoin is still very much worth it to invest

[Ruvi2000sew]

Investing in Dogecoin right now is very dangerous, as it has just been injected. When the whale decides to spill, you may end up with a bag full of overpriced Doge. Though I believe that DOGE has the potential to be pumped again, I will play it safe and opt at other investments that have not yet been heavily pumped.

[Dexion]

Doge may be going up but not as much as some time ago, considering that many people have been disappointed because of the losses caused by Elon playing with doge, but if you have the ability to read the situation when to start and get out of doge, you will definitely get a big advantage , like those who some time ago benefited from the doge pump.

[indrakusumaindra]

Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?

Doge is having great time in the last month but dont think its good to invest in some meme coin, there is definetly plenty good project out there which you can chose. Investing in doge is like chasing pump which not really good for long term.

[Sithara007]

Even before the crazy bull run in 2021, Dogecoin was looking overvalued. And that was when the market cap was around 1/100th of the current levels. And now the situation has got much worse. It has managed to get to a market cap of $30 billion without any solid basics (at one point, the market cap was as high as $60 billion). There are smaller altcoins with much higher adoption and acceptability rates, with less than 10% of the market cap that Dogecoin is having. The ground situation doesn't reflect on the market cap figure.